Elixir Energy Limited · ASX:EXR
Elixir Energy — Noosa Conference 2024
23 slides from Elixir Energy's conference presentation, Nov 14, 2024
Slide 1: Noosa Conference Presentation
For personal use only Noosa Conference Presentation 14 November 2024 ASX:EXR
Slide 2: Gas - Macro Overview
For personal use only Gas - Macro Overview 1. 2. 3. The energy transition LNG demand forecast East Coast Australia is very hard to rise gas supply crisis • A wide & growing variety of • Multiple industry and • The long recognised supply challenges – physical, Government parties crunch is now upon us
Slide 3: The Elixir Team
For personal use only The Elixir Team Board of Directors Quality Partners and Suppliers Richard Cottee Non-Executive Chairman – Information Sharing Agreement Former Managing Director of CSG focused Queensland Gas Corporation (QGC), taking it from market cap of $20M to $5.7B Other former CEO position
Slide 4: Corporate Shareholder Information
For personal use only Corporate Shareholder Information Capital Structure 5.5% | MD & Directors Capital Structure Current Number of Shares 1,196 million 19.2% | Top 20 Elixir Energy Shareholders Options & Perf Rights 132 million Shareholders Market Capitalisation (at A$0.06) A$68 million Cash (30/9/
Slide 5: The Taroom Trough – An Advantaged Location
The Taroom Trough – An Advantaged Location The prolific Bowen Basin is now set to deliver another energy source For personal use only • The Grandis Gas Project is very well located in the Taroom Trough in the Southern Bowen Basin • Australia’s premier physical and commercial gas hub – Wallumbilla –
Slide 6: Material and Growing Energy Infrastructure
Material and Growing Energy Infrastructure The Taroom Trough is adjacent to substantial and growing energy infrastructure For personal use only • New energy sources always benefit from adjacency to existing energy infrastructure – brownfields economics apply • The region has a substantial existing g
Slide 7: Multiple Operator Activity
Multiple Operator Activity The Taroom Trough is currently the host of the largest onshore appraisal investment on the East Coast For personal use only “An apparent gas strike by energy giant Shell deep underground in onshore Queensland has fuelled industry hopes of a potential major new source of en
Slide 8: Grandis Project - Timeline
Grandis Project - Timeline Acquired SPV EnergyCapture Pty Ltd For personal use only Detailed offset well review Finalise Daydream-2 well location 2022 Q1 Q2 Q3 Q4 Extensive Onshore Australia Initial Contingent Resource Booked Gas Opportunity Screening Independently certified by ERCE Establish small
Slide 9: Fundamental Objectives of Daydream-2 Appraisal Well
Fundamental Objectives of Daydream-2 Appraisal Well For personal use only 1. 2. 3. 4. Prove the Basin Induce flow Develop new Obtain R&D Centred Gas rates from strategies for refunding from (BCG) Play is multiple tight stimulation and Federal present coal and sst future Government zones development
Slide 10: Cracking The Taroom's Code
Cracking The Taroom’s Code The vast gas resources of the Taroom Trough are starting to be unlocked For personal use only In ATP 2044, the primary current play-type is BCG - which is an CH4 unconventional accumulation with no structural trap required - the gas is present permit wide. Often called a “
Slide 11: Key Gas Flows From Daydream
For personal use only Key Gas Flows From Daydream 2 “First commercial flow of Permian Gas in the Taroom” “Deepest unstimulated flow outside Perth Basin” “Deepest flow from a coal in Australia” October 2024 3,698-4,217m August 2024 Stimulated flow 3,698-3,786m Coal and Sst August 2024 Stimulated flow
Slide 12: What happened during the final testing?
What happened during the final testing? In Daydream-2 skin and formation damage built up over the extended period of testing: For personal use only Clay rim swelling: Fluids introduced into the formation from the wellbore during drilling, stimulation and testing: KCl and water may have had an unexpe
Slide 13: Growing & De-Risking the Resource Base
Growing & De-Risking the Resource Base The Grandis Project’s resource progression (ATP 2044 + ATP 2077 combined) has seen For personal use only impressive growth Current Resources Acquisition of ATP 2077 Contingent (2C) 1.47 Tcf Acquisition of Increased ATP 2044 coal resource Prospective (2U) 4.3 Tc
Slide 14: What we have learnt
What we have learnt: Massive learnings and inroads into the tight gas play from the drilling, For personal use only stimulation and testing of Daydream-2: 1 Achieved a commercial flow rate 2 Increased 2C contingent resources by 328% to 1.5 Tcf 3 Increased 2U prospective resources by 234% to 4.3 Tcf
Slide 15: Attractive to Large Sources of Capital
Attractive to Large Sources of Capital Securing material capital for gas development needs to pass through multiple gates For personal use only • The Taroom Trough is a favourable location for such large companies: 01 Brownfields – many majors, large LNG buyers, etc, are 02 Low emissions profile – t
Slide 16: Next Steps for the Grandis Project
For personal use only Next Steps for the Grandis Project 1 Post well studies underway 2 Upgrading Contingent Resource to include coals 3 Progressing farmout discussions 4 Applying for a Potential Commercial Area (PCA) - up to 15 years retention 5 Ongoing and growing cooperation with neighbouring ope
Slide 17: Mongolian CBM Asset Overview
Mongolian CBM Asset Overview Elixir was the pioneer in another gas play opener – CBM in Mongolia For personal use only Elixir’s foundation asset – the 100% owned 1 Nomgon IX Coal Bed Methane (CBM*) Production Sharing Contract (PSC) project in the South Gobi region of Mongolia ATP 2044 Located on Mon
Slide 18: Summary
For personal use only Summary The World needs more gas for The East Coast has very The Taroom Trough has longer – LNG markets expected strong pricing, a growing multiple locational advantages to grow for decades supply gap & LNG plant to serve these markets ullage The Taroom is currently The massive
Slide 19: Important Notice & Disclaimer
For personal use only Important Notice & Disclaimer This document has been prepared by Elixir Energy Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of providin
Slide 20: Appendix 1A – Contingent Resources
For personal use only Appendix 1A – Contingent Resources Based on the work undertaken by Elixir in ATP 2044, the Company sought an independently certified contingent resource estimate (from international firm ERC Equipoise Pty Ltd – “ERCE”) for ATP 2077 Sub-block A – see table below. The subclass of
Slide 21: Appendix 1B – Prospective Resources
For personal use only Appendix 1B – Prospective Resources The prospective resources of gas in the Permian coals in ATP 2044 includes both an adsorbed and fractured component, and is estimated as follows: Total Unrisked Prospective Resources1 Recoverable Gas 1U2 2U3 Mean4 3U5 associated with coal sea
Slide 22: Appendix 1C – Notes to Resource Statements
Appendix 1C – Notes to Resource Statements 1. The evaluation date of the ERCE Contingent Resources is 27th May 2024 and 16th August 2024 for 10. ERCE has used standard petroleum evaluation techniques in the preparation of this report. These For personal use only ATP 2044 and ATP 2077 respectively. t
Slide 23: Investors & Media
For personal use only INVESTORS & MEDIA Neil Young Managing Director info@elixirenergy.com.au Phone +61 8 7079 5610 www.elixirenergy.com.au www.elixirenergy.com.au ASX:EXR